Published: 2026-05-06T01:51:01.000Z
Chart GBP/USD Update: Range-bound in consolidation
1
Range-bound in consolidation as prices held firm above support at the 1.3512/00 area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3788 | ** | Jul 2025 year high | S1 | 1.3512/00 | * | 4 May low, congestion | |
| R3 | 1.3700 | * | congestion | S2 | 1.3450 | ** | 23 Apr low, congestion | |
| R2 | 1.3650 | ** | congestion | S3 | 1.3400 | * | congestion | |
| R1 | 1.3600 | * | 17 Apr high, congestion | S4 | 1.3350 | * | congestion |
Asterisk denotes strength of level
01:40 GMT - Range-bound in consolidation as prices held firm above support at the 1.3512/00 area. Support here and the 1.3450 congestion area seen sustaining gains from the March current year low at 1.3160 and keeping pressure on the upside for retest of resistance at the 1.3600 level and the 1.3650 congestion. Clearance here will further retrace the January/April losses and see room to 1.3700. Clearance here will return focus to 1.3788 and 1.3869, 2025 and January current year highs. Only below 1.3500/1.3450 support will fade the upside pressure.